Qutoutiao Inc. (QTT) Volatility At 10.17%, Should You Add A Position?

48 institutions hold shares in Qutoutiao Inc. (QTT), with 9.35M shares held by insiders accounting for 3.25% while institutional investors hold 5.77% of the company’s shares. The shares outstanding are 1.19B, and float is at 165.30M with Short Float at 6.92%. Institutions hold 5.58% of the Float.

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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 3.51 million shares valued at $5.58 million. The investor’s holdings represent 2.11% of the QTT Shares outstanding. As of Dec 30, 2020, the second largest holder is Credit Suisse Ag/ with 1.96 million shares valued at $3.11 million to account for 1.18% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 0.83 million shares representing 0.50% and valued at over $1.32 million, while Shaw D.E. & Co., Inc. holds 0.47% of the shares totaling 0.79 million with a market value of $1.25 million.

Qutoutiao Inc. (NASDAQ: QTT) is 35.85% higher on its value in year-to-date trading and has touched a low of $1.53 and a high of $5.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The QTT stock was last observed hovering at around $2.26 in the last trading session, with the day’s loss setting it -0.1% off its average median price target of $18.18 for the next 12 months. It is also 90.73% off the consensus price target high of $23.29 offered by 2 analysts, but current levels are 83.49% higher than the price target low of $13.08 for the same period.

Currently trading at $2.16, the stock is -23.74% and -35.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.38 million and changing -4.42% at the moment leaves the stock -22.44% off its SMA200. QTT registered -11.84% loss for a year compared to 6-month gain of -10.37%. The firm has a 50-day simple moving average (SMA 50) of $3.4400 and a 200-day simple moving average (SMA200) of $2.7017.

The stock witnessed a -38.11% loss in the last 1 month and extending the period to 3 months gives it a 31.71%, and is -20.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.17% over the week and 11.42% over the month.

Qutoutiao Inc. (QTT) has around 2932 employees, a market worth around $644.37M and $807.50M in sales. Fwd P/E is 5.50. Profit margin for the company is -21.50%. Distance from 52-week low is 41.18% and -61.70% from its 52-week high. The company has generated returns on investments over the last 12 months (2864.40%).

Qutoutiao Inc. (QTT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Qutoutiao Inc. (QTT) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Qutoutiao Inc. is expected to release its quarterly report on 05/24/2021 and quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $182.37M over the same period.The EPS is expected to grow by 90.00% this year, but quarterly earnings will post 10.20% year-over-year. Quarterly sales are estimated to shrink -9.50% in year-over-year returns.

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